Dear DTBrown & Wondering,
That is a good possibility for doing it. Especially if you have a couple of people that would work on the project together. As they are sure of what they want in each of the items needed (hardware and software) and start working with it, the acquisitions are not too burdensome on the pocketbook. I do strongly suggest that whoever works at this becomes proficient at each phase, and that numerous trials be done so that they gain the experience at producing such a venture. For those that may want to move it up a notch, do not be afraid to contact others that have done it already and ask questions. In most cases they will gladly share with you how they were able to do it.
I know that when it was first proposed to myself and others in our regular departmental project meetings, an open-ended timeline was set so that I could train myself, do the research, and them start working on some trial projects to improve the quality. I love these technology projects.
One thing that really helped, is making some book purchases and spending many hours researching this on the internet. While setting it up in my office, I was also able to create a small studio in my home office at the same time so that I could do some of the work from there.
Also, remember to build up as many outlets (database) that you can advertise this within parishes, diocese, etc. I can not stress organization enough in something like this. It will come back to you a hundred fold if you put in the effort. The more you have the more that people will come and listen. This is a great way of involving more and spreading the word, and teaching others.
Though it seems like a lot now in the initial discussion stage, it really is not, and can be a lot of fun to work on. Just think, this is a rather untapped missionary tool that would further the Good News if we are only faithful and follow through on it. Keep us up to date on the project and how it develops. I am sure others are watching. Never be afraid of competition in this area, for it helps raise the bar, and the end result is attracting more to the Kingdom of God with a quality witness.
In IC XC,
Father Anthony+
PS, not to scare you, but once you master audio, video becomes very easy to add to what you offer. I was able to produce my first DVDs this summer with a lot of positive feedback and not much more additional in hardware and software. Just dropping a hint.

Isn't working in the Lord's vineyard exciting and challenging in the 21st century?